The amount will be $7001.76.
Cost of borrowing at a particular rate.
Given
Principle (P) = $4800
Time (t)= 4 years
Rate (r) = 9.9%
Amount (A) = ??
[tex]A = P[1+\dfrac{r}{100} ]^{t} \\\\A = 4800[1+\dfrac{9.9}{100} ]^{4} \\\\A = 4800*1.099^{4} \\\\A = 4800*1.4587\\\\A = 7001.76[/tex]
Thus, the amount will be $7001.76.
More about the Compound interest link is given below.
https://brainly.com/question/25857212
